Plains Marketing Canada S-4 Registration of securities issued in business combination transactions

EXHIBIT 25.1

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM T-1

STATEMENT OF ELIGIBILITY UNDER
THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE

Check if an Application to Determine Eligibility of

a Trustee Pursuant to Section 305(b)(2)

U.S. BANK NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

31-0841368
I.R.S. Employer Identification No.

800 Nicollet Mall
Minneapolis, Minnesota	55402
(Address of principal executive offices)	(Zip Code)

Steve Finklea
U.S. Bank National Association
5555 San Felipe Street, 11^th Floor
Houston, TX 77056
(713) 235-9208
(Name, address and telephone number of agent for service)

(Issuer with respect to the Securities)

Plains All American Pipeline, L.P.	76-0582150
PAA Finance Corp.	76-0669671
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

333 Clay Street, Suite 1600
Houston, Texas	77002
(Address of Principal Executive Offices)	(Zip Code)

(Title of the Indenture Securities)

FORM T-1

Item 1. GENERAL INFORMATION.Furnish the following information as to the Trustee.

a)	Name and address of each examining or supervising authority to which it is subject.
	Comptroller of the Currency Washington, D.C.
b)	Whether it is authorized to exercise corporate trust powers.
	Yes

Item 2. AFFILIATIONS WITH OBLIGOR.If the obligor is an affiliate of the Trustee, describe each such affiliation.

None

Items 3-15 Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

Item 16. LIST OF EXHIBITS:List below all exhibits filed as a part of this statement of eligibility and qualification.

1.	A copy of the Articles of Association of the Trustee.*
2.	A copy of the certificate of authority of the Trustee to commence business.*
3.	A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*
4.	A copy of the existing bylaws of the Trustee.*
5.	A copy of each Indenture referred to in Item 4. Not applicable.
6.	The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.
7.	Report of Condition of the Trustee as of March 31, 2006 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.

SIGNATURE

     Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Houston, State of Texas on the 24^th of August, 2006.

By:	/s/ Steven A. Finklea
	Steven A. Finklea
	Vice President

By:	/s/ Ronda L. Parman
	Ronda L. Parman
	Vice President

Exhibit 6

CONSENT

     In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Dated: August 24, 2006

By:	/s/ Steven A. Finklea
	Vice President

By:	/s/ Ronda L. ParmanRonda L. Parman
	Vice President

Exhibit 7

U.S. Bank National Association
Statement of Financial Condition

AS OF 3/31/2006

($000’s)

	3/31/2006
Assets
Cash and Due From Depository Institutions	$	7,050,967
Securities		39,215,391
Federal Funds		3,114,744
Loans & Lease Financing Receivables		135,184,791
Fixed Assets		1,737,385
Intangible Assets		11,754,046
Other Assets		10,882,988
Total Assets	$	208,940,312
Liabilities
Deposits	$	132,810,195
Fed Funds		12,304,517
Treasury Demand Notes		0
Trading Liabilities		252,318
Other Borrowed Money		28,673,468
Acceptances		0
Subordinated Notes and Debentures		6,432,494
Other Liabilities		6,859,284
Total Liabilities	$	187,332,276
Equity
Minority Interest in Subsidiaries	$	1,029,155
Common and Preferred Stock		18,200
Surplus		11,804,040
Undivided Profits		8,756,641
Total Equity Capital	$	21,608,036
Total Liabilities and Equity Capital	$	208,940,312

To the best of the undersigned’s determination, as of the date hereof, the above financial information is true and correct.

U.S. Bank National Association

By:	/s/ Steve Finklea
	Vice President
	Date: August 24, 2006